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Mar 3, 2014
03/14
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here we see a budget deficit falling sharply. i'll pick on the cbo since everybody picks on the cbo. i thought their receipt estimates for next two or three years were a little stingy, but no matter how you slice it the deficit as percentage of gdp is headed below 3% in the next year or two. you see all this good news. yet no one in this city wants to acknowledge it or take credit for it. it is damnest thing i ever have seen. let me fin wish a comment on three sources in this city that seem unwilling to acknowledge the fact that things have gotten better. you have to ask the question, could this be a self-fulfilling prophecy? first and foremost, not surprisingly is the media. i have some friend here in the press but media feels you can sell more newspapers and get better ratings when you talk about the negative. during the holidays, my blood pressure spiked about 20 points. i saw two stories talking about the recession as if it were still underway. well, for christ's sake the recession ended in june of 09 yet you still hear in th
here we see a budget deficit falling sharply. i'll pick on the cbo since everybody picks on the cbo. i thought their receipt estimates for next two or three years were a little stingy, but no matter how you slice it the deficit as percentage of gdp is headed below 3% in the next year or two. you see all this good news. yet no one in this city wants to acknowledge it or take credit for it. it is damnest thing i ever have seen. let me fin wish a comment on three sources in this city that seem...
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Mar 1, 2014
03/14
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he will take on other issues and we've got the health care fight, the deficit battle. he had a very difficult re-election. just a month before, he gave an interview with black enterprise magazine he said, i'm not the president of black america. he didn't want that idea that he was favoring one particular group. i did an interview before that election. and i found out that when he came down with his senior aids just week bfers he got re-elected, he had a yellow note pad. even if this wasn't an issue, he put criminal justice reform on there and he started pushing -- gwen: we've got to go. michael's more in story in "time magazine." >> we have to leave to give you a chance to support your local pbs station. but our conversation will continue online on the "washington week" web cast extra. it streams live at 8:30 and all ek long at pbs.org/washingtonweek. and that's where you'll find my take and why 1997 was such a big year for "washington week." we're accepting birthday wishes. we'll see you next week. good night. >> corporate funding for "washington week" is provided by
he will take on other issues and we've got the health care fight, the deficit battle. he had a very difficult re-election. just a month before, he gave an interview with black enterprise magazine he said, i'm not the president of black america. he didn't want that idea that he was favoring one particular group. i did an interview before that election. and i found out that when he came down with his senior aids just week bfers he got re-elected, he had a yellow note pad. even if this wasn't an...
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Mar 1, 2014
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we know they are against deficits and this or that program. they are against obamacare. what are they for? >> as you pointed out at the beginning, congressman camp held hearings all over the country. he's listened to a lot of people. much of what he's done here is the product of what came out of those hearings. i believe there is broad political support in the country for going in this direction. so the republicans should take advantage of that. >> thank you all. when we come back, the pentagon proposing to slash the army to pre-world war ii levels. what it means for our influence abroad next. [ female announcer ] as you get older, protein is an important rt of staying active and strong. ensureigh protein... fifty percent of your daily value of protein. low fat and five grams of sugars. [ major nutrition ] ensure. nutrin charge! starts with freshly-made pasta, and 100% real cheddar cheese. but what makes stouffer's mac n' cheese best of all. that moment you enjoy it at home. stouffer's. made with care for you or your family. legs, for crossing. feet...splashing. better t
we know they are against deficits and this or that program. they are against obamacare. what are they for? >> as you pointed out at the beginning, congressman camp held hearings all over the country. he's listened to a lot of people. much of what he's done here is the product of what came out of those hearings. i believe there is broad political support in the country for going in this direction. so the republicans should take advantage of that. >> thank you all. when we come back,...
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Mar 4, 2014
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we've cut a lot of money, in part, due to the sequester, and it's led to lowering and lowering the deficit. if you put that in the context of what the budget proposal suggests, it's only a modest increase in spend, talking about 56 billion, like you mentioned, split between defense, nondefense, and it's paid for. we established that the budget agreed to by patty murray and paul ryan, those spending levels stay in place, and you'll use a few other tax hike is to par for $56 billion to relieve s sequestrati sequestration. we have a piece coming up that shows nih will be funded at 30.2 billion. that, in real term money, equivalent to the level that george w. bush funded nih in 2002. we're not making people whole. we're lagging pretty badly. but as if you were to look at what republicans are saying, this is the most reckless spending possible. >> sam, on that note, the president say, our budge it is about choices, about values and this is expected to go nowhere, it's a moral document in the most sort of clear fashion from the white house. at the same time, you know, the president puts this out
we've cut a lot of money, in part, due to the sequester, and it's led to lowering and lowering the deficit. if you put that in the context of what the budget proposal suggests, it's only a modest increase in spend, talking about 56 billion, like you mentioned, split between defense, nondefense, and it's paid for. we established that the budget agreed to by patty murray and paul ryan, those spending levels stay in place, and you'll use a few other tax hike is to par for $56 billion to relieve s...
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Mar 3, 2014
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what is their plan for the deficit? nothing. what is their plan for reform? nothing. that is what i'm in change requires. long-term investments like high-speed rail and nuclear power and fixing our economy. that is what this government is doing. all he does is get up and deliver a lot of hot air. >> can i ask my friend with a public concern at work on whether he can get advice on the whistleblowing work? say whether he could bring together recommendations and how to stop people being persecuted and others. >> i'm grateful for my friend's question. the public interest disclosure act protects most workers from being unfairly dismissed by their employers when they have blown the whistle. we have strengthened protections. especially in large organizations. i am very happy to make sure that he discusses with the relevant government ministers any further steps been taken in this direction. >> does the prime minister get the depth of the hurt among victims' families and the deep sense of public outrage across the country as a result of the outcome of the downey case? he need
what is their plan for the deficit? nothing. what is their plan for reform? nothing. that is what i'm in change requires. long-term investments like high-speed rail and nuclear power and fixing our economy. that is what this government is doing. all he does is get up and deliver a lot of hot air. >> can i ask my friend with a public concern at work on whether he can get advice on the whistleblowing work? say whether he could bring together recommendations and how to stop people being...
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Feb 26, 2014
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what is their plan for the deficit? nothing. plan for welfare reform? nothing. plan for long-term investment? because that is what climate change requires. long-term investment like high-speed rail, long-term investment like nuclear power. long term investment like fixing our economy. that is what this government is doing. all he does is get up and deliver a lot of hot air. [shouting] >> number three. >> can ask my right honorable friend, public concern at work with you to get advice from the whistleblowing commission report -- tim mckenzie with you to bring together people in government who could consider the recommendations and how we can stop people like dr. kim hold being persecuted, and others which i won't mention now? >> i'm grateful for my honorable friends question. as he knows the public interest disclosure act of 1980 protection to most workers are being unfairly dismissed by their employer when they reported a matter of concern when you blow the whistle. we've strengthened the protections for the enterprise and regulatory reform act 2013 but we will
what is their plan for the deficit? nothing. plan for welfare reform? nothing. plan for long-term investment? because that is what climate change requires. long-term investment like high-speed rail, long-term investment like nuclear power. long term investment like fixing our economy. that is what this government is doing. all he does is get up and deliver a lot of hot air. [shouting] >> number three. >> can ask my right honorable friend, public concern at work with you to get...
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Feb 26, 2014
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too much inflation, runaway deficits, political instability, i think argentina and venezuela are headed to a chaotic political environment that is going to affect brazil and chile. as a geopolitical matter, the united states and it's relationships with south america are at risk. the oil problem is a big one. if venezuela should really go essentially belly up, that is going to--that could raise oil prices for a while to $5 to $10 a barrel. >> first of all, brazil one of the countries we've talked about for several years now as being on an economic growth terror, that's not the case. it's growth has slowed and it will grow a little less or about the same as the united states in 2014. it will start to have an impact on the world. there is a real domino affect if latin america becomes a problem. what is the effect to the rest of us? >> it's probably pretty contained. i think argentina, the reason why we're concerned about brazil is we think argentina is really going to go down. in its economy, and in its politics. and argentina buys a lot from brazil and chile, so both of those countries ar
too much inflation, runaway deficits, political instability, i think argentina and venezuela are headed to a chaotic political environment that is going to affect brazil and chile. as a geopolitical matter, the united states and it's relationships with south america are at risk. the oil problem is a big one. if venezuela should really go essentially belly up, that is going to--that could raise oil prices for a while to $5 to $10 a barrel. >> first of all, brazil one of the countries we've...
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and i want to make sure it was not a contributor to overall debt deficit. so i wanted to look at both access and containment. and he said i did it because he worried if he didn't do it then, there would never be no chance to do it. >> i think that's right. that has to do a lot with the book i'm writing about that so i looked at that pretty carefully. what i don't think he was able to do, and i use the term able very carefully because the political climate of getting even this bill passed was so tough. he had no extra votes. was to do much about containing costs. so the good news is that many of the thousands of people who wrote to me after the first article about horror stories being forced into bankruptcy or moving their loved ones because they couldn't afford healthcare. a lot of that has been fixed. >> rose: in terms of trying to get different ends meet and getting it through congress, on balance did they choose the right program. did they essentially put together what was necessarily for political consensus and get it through the congress. there were rn
and i want to make sure it was not a contributor to overall debt deficit. so i wanted to look at both access and containment. and he said i did it because he worried if he didn't do it then, there would never be no chance to do it. >> i think that's right. that has to do a lot with the book i'm writing about that so i looked at that pretty carefully. what i don't think he was able to do, and i use the term able very carefully because the political climate of getting even this bill passed...
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Mar 4, 2014
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and results in a very large balance of payments deficit. these have to be fixed. they are fixable. that is the first order of business. >> imf headlines? >> this is from the u.s. treasury, announcing their assistance plans, the $1 billion loan guarantee is planned and they plan to send technical advisers to the ukraine, saying the treasury will be at the center of international aid and the plan will live to the russian tree move. >> would you presume that the imf is speaking with russia? ofis there a lack communication there? >> certainly, they are members and are represented at the executive board my and executive director. i am sure that there is communication. but the important point here is the technical analysis of what is needed to put ukrainian economic policy in a sustainable and positive mode. then to arrange the financing necessary to make the implementation practical. you so much.k greatly appreciate that from our washington news bureau this morning. really talking about the clamps that have to be placed down in the process. >> w
and results in a very large balance of payments deficit. these have to be fixed. they are fixable. that is the first order of business. >> imf headlines? >> this is from the u.s. treasury, announcing their assistance plans, the $1 billion loan guarantee is planned and they plan to send technical advisers to the ukraine, saying the treasury will be at the center of international aid and the plan will live to the russian tree move. >> would you presume that the imf is speaking...
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Feb 26, 2014
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they are providing so much money to reduce the deficit. you have a triumvirate of forces reducing the deficit from the outside. then he may, freddie mac, and jpmorgan. i thought -- i think that may continue for a while. cyber security -- you will hear a lot about that. the chances of more data breaches this year are 100%. there will be more and probably will be more as we are sitting here this morning. the chances of a bill are pretty dim. you get the sense that everywhere you look the legislative agenda is looking pretty meager. i don't totally rule out a bill that eric cantor and others are talking about giving tax incentives to companies that hire and train young workers. there could be something like that but i think there will not the a lot. one final thing i want to throw out -- a theme of mine that i have been talking about for the last two or three months -- it leaves me puzzled. here we have an economy that grew in the second half by 3.5% or something like that. that was a rise in gdp and was not all inventory accumulation. inre w
they are providing so much money to reduce the deficit. you have a triumvirate of forces reducing the deficit from the outside. then he may, freddie mac, and jpmorgan. i thought -- i think that may continue for a while. cyber security -- you will hear a lot about that. the chances of more data breaches this year are 100%. there will be more and probably will be more as we are sitting here this morning. the chances of a bill are pretty dim. you get the sense that everywhere you look the...
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Mar 4, 2014
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he also underscores a pressure has faded to launch bold, new attacks on federal deficits. the president's fiscal blueprint expected to include proposals to upgrade aging highways and railroads, finance more prekindergarten programs and enhanced job training. the white house said it would also enlarge the current income tax credit to cover 13.5 million low aren't workers without children, expand the childcare tax credit for some parents, and make it easier for workers to contribute to individual retirement accounts. >> president obama will talk about his budget proposal to an elementary school here in washington, d.c. we'll bring you his remarks live at 11:30 eastern on our companion network c-span and we invite you to weigh in on your thoughts on the president's proposal at facebook and twitter using #cspanchat. later the white house budget office will hold a briefing with budget director sylvia mathews burwell and policy advisers. live at 12:45 p.m. eastern also on c-span. here on c-span2 we will go live to the heritage foundation for discussion of the future of ukraine.
he also underscores a pressure has faded to launch bold, new attacks on federal deficits. the president's fiscal blueprint expected to include proposals to upgrade aging highways and railroads, finance more prekindergarten programs and enhanced job training. the white house said it would also enlarge the current income tax credit to cover 13.5 million low aren't workers without children, expand the childcare tax credit for some parents, and make it easier for workers to contribute to individual...
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Feb 26, 2014
02/14
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forex is a negative so we expect the lira, the current deficit is an issue in turkey and we expect the currency to remain weak so we have to consider that when making investment proposals, we have to assume a little bit of, not a currency strengthening anyway, probably weakening if anything and brazil is a problem for currency from that point of view and equally as a sterling uk investor we find the dollar quite cheap so we find u.s. assets quite interesting at the moment. what goes around comes around i guess. >> reporter: thank you very much for joining us. julia, that is from here. we'll be back in an hour with another interview. for now pack over to you. >> thank you, great to chat to you. >>> the bitcoin exchange mt. gox received a subpoena from prosecutors in new york, asked the company to preserve certain documents. ceo mark capellas issued a statement saying the business is at a turning point. japanese authorities are looking into the matter but don't have jurisdiction after the mt. gox website went down. >>> still to come, the british economy returns to focus as investors awai
forex is a negative so we expect the lira, the current deficit is an issue in turkey and we expect the currency to remain weak so we have to consider that when making investment proposals, we have to assume a little bit of, not a currency strengthening anyway, probably weakening if anything and brazil is a problem for currency from that point of view and equally as a sterling uk investor we find the dollar quite cheap so we find u.s. assets quite interesting at the moment. what goes around...
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Feb 27, 2014
02/14
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today we're gonna talk about the most controversial medical issue of our time, attention deficit disorder,
today we're gonna talk about the most controversial medical issue of our time, attention deficit disorder,
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Feb 26, 2014
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he's going to turn away from deficit reduction, go to government spending. he doesn't call it stimulus, spending but instead calls it investment. infrastructure, highway repair issues will create jobs and help obviously in terms of rebuilding the country. the president in the blue state of minnesota rather than going to red states, more republican states where health care may be unpopular. interesting. bill clinton as you know was in kentucky trying to help out alison grimes, a democratic senate candidate trying to take the seat currently held by republican mitch mcconnell. when senate majority leader harry reid was pressed on why president obama isn't going out to red states, he had an interesting answer. >> we have one president that's been going every place and that's clinton. he's traveling around campaigning for everybody doing a great job. >> there you have the top senate democrat suggesting the former president may be a better asset right now than the current president. bottom line, though, of course, we'll see president obama, current president, rais
he's going to turn away from deficit reduction, go to government spending. he doesn't call it stimulus, spending but instead calls it investment. infrastructure, highway repair issues will create jobs and help obviously in terms of rebuilding the country. the president in the blue state of minnesota rather than going to red states, more republican states where health care may be unpopular. interesting. bill clinton as you know was in kentucky trying to help out alison grimes, a democratic...
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a small current account surplus which is likely to go into deficit as well. russia is ofat to course oil prices. the government spends about 25% of gdp and to keep the budget in balance, capital economics needs 100 $10rice of about per barrel. they are able to get that just barely but as american fracking increases the amount of supply in the world, their chances of getting that are going down. a rush road ahead -- rough road at thisr the economy point. >> if it is such a rough road and all the weakness, why is he risking this? pretend to want to tell you what he is thinking, but maybe it is short-term here. compared to where the u.s. is. russia has a large amount of foreign exchange reserves. they can pay their bills for now even as the current account goes negative. resident who may be gambling if this lasts a short time, they could get in and get out without any further consequences, it is worth the risk. >> thank you. mike mckee. ofturn to another region uncertainty. president obama met with netanyahu at the white house yesterday. closelyries that work in
a small current account surplus which is likely to go into deficit as well. russia is ofat to course oil prices. the government spends about 25% of gdp and to keep the budget in balance, capital economics needs 100 $10rice of about per barrel. they are able to get that just barely but as american fracking increases the amount of supply in the world, their chances of getting that are going down. a rush road ahead -- rough road at thisr the economy point. >> if it is such a rough road and...
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Feb 28, 2014
02/14
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everything that we vote on, annually as a congress, eliminate all that, we would still be running a deficit of a half trillion dollars a year. the real problem, the, i was going to say elephant, but i'm saying the big animal in the room, gorilla in the room that, that everybody's avoiding is the mandatory spending. and unless we address that, we're just going to keep digging ourselves further and further in the hole. and that is the real problem. and we're trying to, like i say, solve it on the backs of our military. can't be done. >> excuse me. what are your priorities for marking up the fiscal year 2015 defense authorization bill? >> getting it done by october 1st. that is by main, and you're going to hear, that is all i'm going to be talking about between here and october because i'm really concerned. i brought that up in the meeting with the big eight and secretary and general dempsey. it is incumbent upon us to get that done. last year we got the defense authorization bill done on the last day the senate was in session. or we would have missed it. now we have passed that bill every yea
everything that we vote on, annually as a congress, eliminate all that, we would still be running a deficit of a half trillion dollars a year. the real problem, the, i was going to say elephant, but i'm saying the big animal in the room, gorilla in the room that, that everybody's avoiding is the mandatory spending. and unless we address that, we're just going to keep digging ourselves further and further in the hole. and that is the real problem. and we're trying to, like i say, solve it on the...
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Feb 27, 2014
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how do i differentiate as i look the key issue for me is who is dealing with a budget deficit or who is not raising interest rates. what is the critical issue for you? willdonesia for example mark itself out as different from the others. elsewhere,ine and don't be too concentrated in emerging markets. political risk is large and it is not very well-predicted by investors. do be well diversified. take some overweight and underweight positions. we tend to be overweight the small countries and underweight the largest ones. underweight the brics historically. that can be difficult when china is on a strong rally. good stead over the long term. >> what is going on in china? i come in everyday, we have the yuan on the move, we are trying to lure him the currency? there is something very interesting in the past couple of weeks in china. >> they have to squeeze the excess is out of the system and it is going to be painful. we talked about volatility earlier. we can expect that to spike up later in the year. there is going to be some headline news out of china as this credit excess is squeeze
how do i differentiate as i look the key issue for me is who is dealing with a budget deficit or who is not raising interest rates. what is the critical issue for you? willdonesia for example mark itself out as different from the others. elsewhere,ine and don't be too concentrated in emerging markets. political risk is large and it is not very well-predicted by investors. do be well diversified. take some overweight and underweight positions. we tend to be overweight the small countries and...
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by taking that out, they will lose 230 billion or so in deficit reduction. already we know one of the ways will be assuming the senate passes and immigration overall. go much does that cost you these are the kinds of things we will be looking for. perhaps the least effective budgets we have seen in years because congress are it has a toplines appropriations number for this year. they are are ready holding hearings. this is entitlement overhaul out of the midterm. how is the budget actually released today, and to are the surrogates that the white house is sending to capitol hill over the next coming days to talk about the president spending plan? 11:30.we will see it at it used to be they handed out copies to the press but that has been curtailed. theave been told that historical perspective volume, usually an interesting economic here this week, will have the main budget all human independent, they will be available at 11:30 and then a noontime press conference. andell from west virginia pretty much well-liked on all sides of the aisle will be going to the h
by taking that out, they will lose 230 billion or so in deficit reduction. already we know one of the ways will be assuming the senate passes and immigration overall. go much does that cost you these are the kinds of things we will be looking for. perhaps the least effective budgets we have seen in years because congress are it has a toplines appropriations number for this year. they are are ready holding hearings. this is entitlement overhaul out of the midterm. how is the budget actually...
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Mar 5, 2014
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is change the culture of the city as a whole so that we instead of seeing elderly new yorkers as a deficit, as a problem to be solved. instead we say the world is fundamentally a changing place, we're living longer, were living healthier and older new yorkers now are here in numbers that have surpassed anything in history. >> sreenivasan: one key ingredient to the initiative is listening to seniors, according to ruth finkelstein of the new york academy of medicine. she leads the initiatives private sector efforts. >> everything we do is grounded in the perspectives and voices of older adults. the first thing that they have to realize is we don't stand in the shoes of the people that were addressing and that we need first and foremost to understand the city through their perspective. >> sreenivasan: the program is now up and running in all five boroughs, including manhattan, where we met up with ed and sarah aarons. they cant imagine living anywhere but here. >> and i can't conceive of having the facilities and conveniences and the excitement as other places. >> the only two places he would
is change the culture of the city as a whole so that we instead of seeing elderly new yorkers as a deficit, as a problem to be solved. instead we say the world is fundamentally a changing place, we're living longer, were living healthier and older new yorkers now are here in numbers that have surpassed anything in history. >> sreenivasan: one key ingredient to the initiative is listening to seniors, according to ruth finkelstein of the new york academy of medicine. she leads the...
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Feb 26, 2014
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everything that we vote on annually as a congress, eliminate all of that, we would still be running a deficit of half of one dollar trillion each year. room,e elephant in the the big animal in the room, the gorilla in the room that everyone is avoiding is a mandatory spending. , we will address that keep digging ourselves further and further in the hole. that is the real problem and we are trying to, like i say, solve it. on the backs of the military. that can't be done. guest: you are going to hear that a lot. we are solving our problems on the back of the military. he is right, discretionary spending is a small piece of this at the end of the day, but in the broader picture there has across themade federal budget. this is a big piece of discretionary spending. i think it is about half of what we spend on discretionary spending. it is a big piece of the pie to look at. we are in a time of change for the military. this is a time when we can reevaluate put the military should be doing and how much should be spending in this nation's history. active military outside of los angeles, california,
everything that we vote on annually as a congress, eliminate all of that, we would still be running a deficit of half of one dollar trillion each year. room,e elephant in the the big animal in the room, the gorilla in the room that everyone is avoiding is a mandatory spending. , we will address that keep digging ourselves further and further in the hole. that is the real problem and we are trying to, like i say, solve it. on the backs of the military. that can't be done. guest: you are going to...
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Feb 28, 2014
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financial prudence dictates we reduce our deficits by not spending the money at all. if we must spend it and must choose between africa or america, mr. speaker, i choose spending it in america. america spends more than $40 billion a year on foreign aid, money we do not have, borrow to get and cannot afford to pay back. mr. speaker, if financial irresponsibility and economic insanity have a home, rest assured they live in washington, d.c. the speaker pro tempore: the gentleman yields back the balance of his time. for what purpose does the gentleman from massachusetts seek recognition? >> unanimous consent to address the house for one minute. the speaker pro tempore: without objection, the gentleman from massachusetts is recognized for one minute. >> mr. speaker, two months ago emergency unemployment benefits expired for over one million americans, including 20,000 veterans and yet this house has not taken up legislation to provide these workers and families with necessary relief. mr. tierney: i rise to ask immediate action on the unemployment compensation act which pro
financial prudence dictates we reduce our deficits by not spending the money at all. if we must spend it and must choose between africa or america, mr. speaker, i choose spending it in america. america spends more than $40 billion a year on foreign aid, money we do not have, borrow to get and cannot afford to pay back. mr. speaker, if financial irresponsibility and economic insanity have a home, rest assured they live in washington, d.c. the speaker pro tempore: the gentleman yields back the...
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things india has been working on the largest deficit is one that is pretty sudden. they will behind going with the smaller parties and it is like a game of cricket. but they really want to see is to find the stable location that will bring in certainty and bring it back to the table. we will see that by the 16th of may. the upcomingout indian elections. >> when we come back, we will hear more about microsoft and the somebody who knows a thing or two about it. stay with us here on "countdown." ♪ >> welcome back to "countdown." microsoft former chief executive steve ballmer speaking one month after leaving the tech giant and bloomberg was there. for more, let's bring in caroline hyde with the details on what was a fascinating evening. >> wait for it. wait for it. there, on the bottom right. >> bloomberg presents the oxford union debate. with bloomberge having this relationship with the oxford union and he was fascinating. this is the first time he was x ceo. speak as the he is still on the board and one of the bigger shareholders but no longer running a. he spoke ve
things india has been working on the largest deficit is one that is pretty sudden. they will behind going with the smaller parties and it is like a game of cricket. but they really want to see is to find the stable location that will bring in certainty and bring it back to the table. we will see that by the 16th of may. the upcomingout indian elections. >> when we come back, we will hear more about microsoft and the somebody who knows a thing or two about it. stay with us here on...
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certainly in modern times, and had a surplus when he finished his presidency that was turned into a record deficit by the republican president that succeeded him, so we are looking forward to having surrogates like president clinton and others stump for our candidates all across the country, and this week at the dnc meeting, we're going to be making sure that we can continue to focus on continuing our progress and helping to add value to elect democrats up and down the ballot. >> yeah. it is an interesting balance, as i mention, president clinton doing the stumping, hillary clinton doing a foreign policy event, she is down in florida today. these are not midterm stumping events. they've found a division of labor within the family for now. dnc chair debbie wasserman shultz, thanks for your time today. >> thanks, ari. >>> coming up, two years ago tonight, a story we all remember, trayvon martin was shot and killed. a tragedy that sparked a national conversation. we're going to talk about that case and the implications that continue to shape a lot of policy discussions. >>> but first, before we get t
certainly in modern times, and had a surplus when he finished his presidency that was turned into a record deficit by the republican president that succeeded him, so we are looking forward to having surrogates like president clinton and others stump for our candidates all across the country, and this week at the dnc meeting, we're going to be making sure that we can continue to focus on continuing our progress and helping to add value to elect democrats up and down the ballot. >> yeah. it...
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we have cut our deficits by more than half since i took office. and for the first time in over a decade business leaders around the world have declared that china's no longer the world's number one place to invest. america is. we have made great progress, but we must do more to rebuild our economy and new foundation for growth and prosperity. i believe that what unites the people of this nation, regardless of race or region or party, young or old, rich or poor, is the simple profound belief in opportunity for all. the notion that if you work hard and take responsibility you can get ahead. that belief has suffered some serious blows. over more than three decades, even before the great recession hit, massive shifts in technology and global competition have eliminated good middle-class jobs and weakened the economic foundations that families depend on. today after four years of economic growth, corporate profits and stock prices have rarely been higher and those at the top have never done better. but average wages have barely budget. inequality has d
we have cut our deficits by more than half since i took office. and for the first time in over a decade business leaders around the world have declared that china's no longer the world's number one place to invest. america is. we have made great progress, but we must do more to rebuild our economy and new foundation for growth and prosperity. i believe that what unites the people of this nation, regardless of race or region or party, young or old, rich or poor, is the simple profound belief in...
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there's a projected deficit of $142 million over the next five years. a rate hike schedule the toll is going to jump, and by 2017 it will be up to $7:# and then it will cost $8 to cost the golden gate bridge. mary curry is retiring. she's had the job 22 years. she plans to retire in april. she's going to do consulting work and will spend time with her parents and travel. she plans to keep a close eye on the bridge and any future changes. >>> more on protecting bicyclists. they want to raise the fine from $95 to $1,000. it would lead to fewer crashes. most crashes are accidental, so, they don't think it would change anything. >>> she could see russia from alaska. they're predicting the turmoil between russia and its neighbor. >>> she was determined to get to hawaii, one woman's multiple attempts to stowaway and new questions about security at sfo. >> let's take you outside, there is a look at the approach of are the richmond san rainfall bridge. roads are still wet. the cards coming at the screen, no problems to report in that area. it's a good morning t
there's a projected deficit of $142 million over the next five years. a rate hike schedule the toll is going to jump, and by 2017 it will be up to $7:# and then it will cost $8 to cost the golden gate bridge. mary curry is retiring. she's had the job 22 years. she plans to retire in april. she's going to do consulting work and will spend time with her parents and travel. she plans to keep a close eye on the bridge and any future changes. >>> more on protecting bicyclists. they want to...
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Feb 28, 2014
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then also because of the high level of inflation, imbalances you have because of the current account deficits, you need to keep monitoring fiscal policy quite tight. you have to be a lot deeper into the upcoming fiscal year before you see contraction growth and that has to come on the back of implementation of projects, some of the economic reform issues that have been announced since may 2012. >> so i guess may is the key if we're looking for measures like this to be introduced. do you think that's going to be a turning point for the country? >> well, i think there's a few questions about will the government get enough of the mandate and therefore be able to, on the back of that, implement policies, but that remain toes be seen. so it might not be easy for some of the incumbent parties to necessarily muster the vote they need to have. but it's true, post elections, you know, in principal we should be more a possibility to get more on the petition side of these policies, let preoccupation with elections nearing, if you will. the kick start of the investment cycle, all of that cannot be turned
then also because of the high level of inflation, imbalances you have because of the current account deficits, you need to keep monitoring fiscal policy quite tight. you have to be a lot deeper into the upcoming fiscal year before you see contraction growth and that has to come on the back of implementation of projects, some of the economic reform issues that have been announced since may 2012. >> so i guess may is the key if we're looking for measures like this to be introduced. do you...
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we're looking at having a deficit this year of like roughly 3% of gdp. a couple of years ago it was 10% plus. everybody thought we would never get out of those deficits. things are not static. maybe even you two -- i never thought we'd be where we are today. things are not static. >> great point. >> very quickly, guys, the model i ran this morning, it may be a double digit number, the model that i ran. which is not the most reliable number out there. the one i ran is a double digit. >> high double digits. >> how did the market react to that? double digit gains. a double digit number, not even 100,000 on the jobs report tomorrow. >> less than 100,000? >> yes. >> i think the mark set expecting probably less than 100,000, expecting high double digits versus low double digits. >> rick, what's up? >> i'd like you to ask our guest, i didn't find his explanation for the lack of productivity very good. i think if you don't get a good answer to it, you end up like japan. some of the new research i see, everybody trying to explain the 25 years of malaise, it reall
we're looking at having a deficit this year of like roughly 3% of gdp. a couple of years ago it was 10% plus. everybody thought we would never get out of those deficits. things are not static. maybe even you two -- i never thought we'd be where we are today. things are not static. >> great point. >> very quickly, guys, the model i ran this morning, it may be a double digit number, the model that i ran. which is not the most reliable number out there. the one i ran is a double digit....
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brown turned a $25 billion deficit in 2011 into a surplus this year. his approval rating is at an all-time high at 58%. the state's open primary is in june. >>> and on the cover of "people" magazine, paula deen is opening up about her career-shattering scandal last summer. and in the interview, she said, quote, i feel like embattled or disgraced will always follow my name. it's like that black football player who recently came out. he said i just want to be known as a football player. i don't want to be known as a gay football player. i know exactly what he's saying. deen is referring to nfl prospect michael sam. she recently -- i just don't think this works. i think maybe she ought to try something else, joe, what do you think? i'm wondering if perhaps she might want to just stay away from talking? >> i think she really should. it's like that -- >> -- the talking then is not working for her. >> it's not. >> it's like that black football player -- >> black football player as opposed to one of the white football -- it's like that black -- >> and she sta
brown turned a $25 billion deficit in 2011 into a surplus this year. his approval rating is at an all-time high at 58%. the state's open primary is in june. >>> and on the cover of "people" magazine, paula deen is opening up about her career-shattering scandal last summer. and in the interview, she said, quote, i feel like embattled or disgraced will always follow my name. it's like that black football player who recently came out. he said i just want to be known as a...
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pushing its biggest annual loss since the bailout in 2008. 15 billion-dollar deficit for last year. he calls rbs the industry's least trusted leader, does the ceo. >> the bank. the largest bailout in europe. still owns the vast majority of the bank and is still pulling the strings. >> by the way, wire pros playing in the olympics? >> that is what the nhl is asking -- the players love it. >> the players love it and flagwavers love it, i am not fair -- sure it is fair to college athletes. >> we need to go to the ukraine. we spoke with the new leadership to read good morning. >> good morning. his name is arseniy yatsenyuk, the prime minister designate. inis about it -- to be voted as the interim prime minister of the country for the next few months. parliament is still chewing over this decision. >> how front and center is crimea to the management in kiev? >> very front and center. i was standing in the parliament here in kiev. meanwhile, in the crimea, the parliament had just been seized by a group of about 100 gunmen. i asked the prime minister about that and he said it is the first
pushing its biggest annual loss since the bailout in 2008. 15 billion-dollar deficit for last year. he calls rbs the industry's least trusted leader, does the ceo. >> the bank. the largest bailout in europe. still owns the vast majority of the bank and is still pulling the strings. >> by the way, wire pros playing in the olympics? >> that is what the nhl is asking -- the players love it. >> the players love it and flagwavers love it, i am not fair -- sure it is fair to...
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some would increase the deficit. others would not. and so if we can find a way to do it where we don't increase the deficit, and i think the president will have proposals on the table to do that, that may be an area of common ground. >> ukraine, a lot going on there. are you the only person in congress born in karachi? >> no doubt about it. i'm the one american karachi caucus. >> a long line of public service in your family to state and stuff like that. can you help us? what are we supposed to be doing here with the ukraine? >> with ukraine. >> everyone knows that's important territory in the heart of europe. i think right now, we need to be working very closely. with our european allies to identify right away a whole menu of economic sanctions that we would apply in the event that the russians don't move their troops out of crimea. they can, of course, garrison on their base but they need to evacuate other parts of the crimea. we would have that in place. at the same time, we need to be working with the new government in kiev to make
some would increase the deficit. others would not. and so if we can find a way to do it where we don't increase the deficit, and i think the president will have proposals on the table to do that, that may be an area of common ground. >> ukraine, a lot going on there. are you the only person in congress born in karachi? >> no doubt about it. i'm the one american karachi caucus. >> a long line of public service in your family to state and stuff like that. can you help us? what...
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during his tenure, the deficit was redutioned from $290 billion to $70 billion. the dow jones industrials more than tripled, unemployment decreased and more than 18 million new jobs were created. senator bob dole described secretary reuben as a man of honesty and integrity. alan greenspan called him one of the most respected treasury secretaries in history. when he retired in 1999, secretary reuben received glowing reports from democrats and republicans alike. here's what he said about climate change a few weeks ago. and i quote. there are a lot of significant monumental issues facing the global economy, but this one supersedes all else. experts are telling us inaction on climate change threatens the global economy. responding to this threat isn't about disadvantaging ourselves, it's about seizing opportunity. there are already 143,000 solar jobs and 80,000 wind jobs in the united states. winning the global clean energy race will mean millions of jobs and faster economic growth. competitors in china and europe understand this. we risk being left behind if we don'
during his tenure, the deficit was redutioned from $290 billion to $70 billion. the dow jones industrials more than tripled, unemployment decreased and more than 18 million new jobs were created. senator bob dole described secretary reuben as a man of honesty and integrity. alan greenspan called him one of the most respected treasury secretaries in history. when he retired in 1999, secretary reuben received glowing reports from democrats and republicans alike. here's what he said about climate...
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to consume, but we don't have enough import to fund our consumption or enough saving to support our deficit. what are we going to do if china changes and we don't. >> but i gather that you think they're on the ascendency and we are clearly on the decline. that is the -- i will say, that was my takeaway. >> they are rebalancing their model to keep the growth and development story going and that will certainly take them to a larger scale of their economy than ours, at some point in the next five to ten years. >> gdp. >> their per capta gdp, joe, is going to be increasing, but at a much slower pace. for a long time. >> multiplied out and that's why it's bigger. >> for a long time. are we on the decline? that's the big debate in america. we continue to undersave, underinvest in people, infrastructure, and capacity. and if we don't get that together, then their ascendency will coincide with our decline. >> we've had periods like this before. >> yeah. >> i mean, you're optimistic we get it together or do you think we're the roman empire? >> no, look, i hope we get it together. what i don't see is
to consume, but we don't have enough import to fund our consumption or enough saving to support our deficit. what are we going to do if china changes and we don't. >> but i gather that you think they're on the ascendency and we are clearly on the decline. that is the -- i will say, that was my takeaway. >> they are rebalancing their model to keep the growth and development story going and that will certainly take them to a larger scale of their economy than ours, at some point in...
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thread forneedles to the trusted deficits. president obama has demonstrated an want to be a partner for peace. he is committed to trying to end the conflict and all of his claims. that? can do let's be candid. some of you doubt it. as it israelis security officials will a test, -- abbas has been against the violence. many hours spent with president abbas. i believe he clearly understands both the tremendous benefit of peace and the great costs of failure. he understands that in terms of his own people, his own grandchildren, the country he hopes to be able to lead, and in terms of the history that be leakers -- beleaguers all. he know the people what never have the self-determination without ending the conflict in a solution that delivers two states for two peoples. and so this prime minister when he looks me in the eye and said i cannot accept a deal with the palestinians that does not make the people of israel safer. we agree 100%. [applause] but i argue, there is a distinction between a unilateral withdrawal from lebanon wh
thread forneedles to the trusted deficits. president obama has demonstrated an want to be a partner for peace. he is committed to trying to end the conflict and all of his claims. that? can do let's be candid. some of you doubt it. as it israelis security officials will a test, -- abbas has been against the violence. many hours spent with president abbas. i believe he clearly understands both the tremendous benefit of peace and the great costs of failure. he understands that in terms of his own...